1 AUS-BRITISH MINER'S PLIGHT IN MONGOLIA HAS 'CHILLING EFFECT' ON INVESTMENT WWW.MININGMAGAZINE.COM  PUBLISHED:2025/04/03      2 ULAANBAATAR INTRODUCES ADVANCED AI SOFTWARE TO SUPPORT POLICE INVESTIGATION WWW.MONTSAME.MN PUBLISHED:2025/04/03      3 ION ENERGY SECURES $13.5M DEAL WWW.INSIDEMONGOLIA.MN PUBLISHED:2025/04/03      4 PROGRESS OF NATURAL GAS PIPELINE PROJECT PRESENTED TO CABINET WWW.MONTSAME.MN PUBLISHED:2025/04/03      5 ULAANBAATAR TO IMPLEMENT 24 MEGA PROJECTS UNDER INTERNATIONAL FIDIC CONTRACT STANDARDS WWW.MONTSAME.MN PUBLISHED:2025/04/03      6 INTERBANK TRANSACTIONS NOW USE IBAN NUMBERS WWW.MONTSAME.MN PUBLISHED:2025/04/03      7 MEERECOMPANY SIGNS MOU WITH THE MONGOLIAN CENTER FOR HEALTH DEVELOPMENT WWW.SURGICALROBOTICSTECHNOLOGY.COM PUBLISHED:2025/04/03      8 GOLD AND COPPER PRICES SURGE WWW.UBPOST.MN PUBLISHED:2025/04/02      9 REGISTRATION FOR THE ULAANBAATAR MARATHON 2025 IS NOW OPEN WWW.MONTSAME.MN PUBLISHED:2025/04/02      10 WHY DONALD TRUMP SHOULD MEET KIM JONG- UN AGAIN – IN MONGOLIA WWW.LOWYINSTITUTE.ORG  PUBLISHED:2025/04/02      ХХОАТ-ЫГ 1 ХУВЬ БОЛГОХ САНАЛЫГ ТӨСВИЙН БАЙНГЫН ХОРООНД ШИЛЖҮҮЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/03     ГЕГ: АНУ-Д ХИЙСЭН ЭКСПОРТ 2024 ОНД $166.3 САЯ БОЛЖ, ӨМНӨХ ОНООС 4.5 ДАХИН ӨССӨН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     ХӨСҮТ: УЛААНБУРХНЫ 253 ТОХИОЛДОЛ БАТЛАГДАЖ, 7220 ХАВЬТАЛ БҮРТГЭГДЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/03     “JADE GAS” КОМПАНИ "УЛААН НУУР" ТАЛБАЙДАА ХОЁР ДАХЬ ХЭВТЭЭ ЦООНОГИЙН ӨРӨМДЛӨГӨӨ ЭХЛҮҮЛЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     БАНК ХООРОНДЫН ГҮЙЛГЭЭНД IBAN ДАНСНЫ ДУГААР АШИГЛАЖ ЭХЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/03     УСТСАНД ТООЦОГДОЖ БАЙСАН УЛААНБУРХАН ӨВЧИН ЯАГААД ЭРГЭН ТАРХАХ БОЛОВ? WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     САНГИЙН ЯАМ: ДОТООД ҮНЭТ ЦААСНЫ АРИЛЖАА IV/16-НААС МХБ-ЭЭР НЭЭЛТТЭЙ ЯВАГДАНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     МОНГОЛБАНКНЫ ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВАЛТ ӨМНӨХ САРААС 56 ХУВИАР, ӨМНӨХ ОНЫ МӨН ҮЕЭС 35.1 ХУВИАР БУУРАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     Б.ЖАВХЛАН: ГАДААД ВАЛЮТЫН НӨӨЦ ТАВАН ТЭРБУМ ДОЛЛАРТ ХҮРСЭН WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     1072 ХУВЬЦААНЫ НОГДОЛ АШИГ 93 500 ТӨГРӨГИЙГ ЭНЭ САРД ОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02    

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Japan bank to provide loans for UK biomass project www3.nhk.or.jp

NHK has learned that a government-affiliated bank in Japan plans to provide funds for a biomass power project in Britain. The green energy uses materials from plants and animals, such as woodchips and cattle manure.

Sources say the Development Bank of Japan, along with other banks in Japan and Europe, will extend loans to build a plant near Middlesbrough.

The sources say the Development Bank will lend tens of millions of dollars in project financing.

With a capacity of 300 megawatts, the biomass plant will be one of the largest in the world. It is expected to start operating in 2020 and will supply electricity to 600,000 homes.

Biomass is seen as a more stable source of renewable energy than solar and wind power. It is also expected to help the forestry industry by using woodchips obtained by thinning trees.

Biomass power generation is expected to increase in Japan as the Paris Agreement has taken effect to cut greenhouse gas emissions worldwide.

The sources say the Development Bank is hoping to apply the know-how from the British project to promote renewable energy in Japan.

The bank is also financing solar and offshore wind power generation projects.

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Nintendo shares rise on Super Mario iPhone game date www.bbc.com

Shares in Nintendo have climbed after it announced a launch date for its new Super Mario game for the iPhone.
Super Mario Run will be released in Apple's App Store on 15 December, with users having to pay $10 (£8) for the full game.
Nintendo, which announced the tie-up last month, saw its shares jump by as much as 5%.
It hopes to build on the global success of its Pokemon Go app from earlier this year.
But because Pokemon was free to download, analysts said it did not generate as much money for the firm as it could have done.
Smartphones are the gaming industry's fastest growing source of revenue and the Japanese firm has been criticised for being slow on the uptake.
It has promised to to unveil more gaming titles by March 2017, with an Android version of Super Mario Run also planned.
The evolution of Super Mario
Super Mario Bros was created as a sequel to Donkey Kong. It is the most successful video game series of all time.
Mario is an Italian-American plumber and has a younger brother called Luigi.
In the game he has to navigate a series of levels, avoid enemies and collect coins along the way.
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Construction process of new airport project is at 99 percent www.mongolia.gogo.mn

The New Ulaanbaatar International Airport, a construction with the biggest foundation in Mongolia is designed with the capacity of up to 3 million passengers per year and have capacity to receive 1500 passengers per hour.
In comparison, the current airport (Chinggis Khaan International Airport, the largest airport in Mongolia) serves about 900,000 passengers per year (2011 figures). Also, the cargo capacity is projected to increase 10-fold.
The new airport is located 52 km south of Ulaanbaatar city center in Sergelen soum, Tuv province. It is also hoped to be an airline hub which connects Europe and East Asia, North America and South East Asia (through the Polar route).
 
In May 2008, a ¥28.8 billion (US$385 million) 40-year soft loan agreement at 0.2% interest was signed between the Government of Mongolia and the Japan Bank for International Cooperation to build a new international airport.
 
Construction started in May 2013, and is expected to finish by January 2017. Currently, the construction process is at 99 percent.
The airport is able to launch 6 planes from its passenger boarding bridges and 13 planes from its field. 5 planes with up to 300 passengers are able to take off at once, reported by the project manager.
 
The airport expects to receive 3 million passengers by 2024 and 5 million passengers in 2032, according to the economic estimation.
At that time, it is possible to expand the airport by increasing the number of passenger boarding bridges up to 20.
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Amendments to Marrakesh Agreement will serve for landlocked countries’ interests www.en.montsame.mn

Ulaanbaatar /MONTSAME/ Minister of Foreign Affairs Ts.Munkh-Orgil presented a draft bill on ratifying the Protocol on the amendments to the Marrakesh Agreement on Establishing the World Trade Organization, and draft amendments to the Law on Custom Tariffs and Duty, on November 15.
 
Mongolia joined the WTO in 1997, becoming a party to the General Agreement on Tariffs and Trade (GATT) and the Agreement on the Rules of Origin.
 
The parliament passed the Custom Tariffs Law in 2008 and amended it in 2015. However, certain provisions of the law are in conflict with Mongolia’s duties before the above mentioned international agreements. For instance, the Mongolian customs require certificate of origin from goods for imports, otherwise impose a doubled amount of customs duty. The regulation has been causing difficulties, having lengthened the period of custom clearance obtainment.
 
The protocol on amending the Marrakesh Agreement – the Trade Facilitation Agreement was initiated by landlocked countries such as Mongolia, Bolivia and Paraguay in 2003, and was backed in 2013.
 
The Agreement will be take force after ratification by 110 countries, the two thirds of all parties of the Marrakesh Agreement. The Trade Facilitation Agreement has been ratified by 96 countries, so far.
 
With the adoption of the Trade Facilitation Agreement, landlocked countries will be able to enjoy assistance and support from the development partners, to implement foreign trade-oriented projects, to reduce costs of external trade, to increase exports, to improve road and railway systems and to alleviate commerce and transport through various projects.
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Mongolia and Brazil to boost cooperation in healthcare www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The Minister of Health, Mr A.Tsogtsetseg received on November 15 the Ambassador of Brazil, Mr Marcos Caramuru de Paiva and the First Secretary of the Embassy, Mr Winston Alexander Silva. The Minister expressed her hope that the health ministries of Mongolia and Brazil, the two countries with long-standing friendship, will strengthen the cooperation.
 
The Ambassador noted the main goal of this meeting is to boost cooperation in healthcare with Mongolia, and underlined Brazil is not cutting healthcare budgets even in these times of political and economic difficulties back in his country.
 
Governments of Mongolia and Brazil have established a cooperation agreement when the Health Ministry of Mongolia has been also accountable for the matters of sports and physical culture, and the first Mongolian team took part in the First Indigenous Peoples’ Games, held in Brazil in July, 2016.
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Japan's first cellular drone www3.nhk.or.jp

NTT Docomo has carried out Japan's first trial of a drone using a mobile phone rather than wireless technology.
 
The mobile phone carrier jointly developed the system with a group of venture firms.
 
The drone transported a roughly one-kilogram package from a port to an island about 2.5 kilometers offshore at the tryout in Fukuoka City. The delivery took about 5 minutes with a top speed of 50 kilometers per hour.
 
Conventional, wireless-controlled drones have an operational limit about one kilometer. Mobile phones allow operation from tens of kilometers away.
 
Engineers plan to test if the drone operation affects mobile phone communications on land. They aim to put the drone into practical use from 2018.
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Japan bank to provide loans for UK biomass project www3.nhk.or.jp

NHK has learned that a government-affiliated bank in Japan plans to provide funds for a biomass power project in Britain. The green energy uses materials from plants and animals, such as woodchips and cattle manure.
 
Sources say the Development Bank of Japan, along with other banks in Japan and Europe, will extend loans to build a plant near Middlesbrough.
 
The sources say the Development Bank will lend tens of millions of dollars in project financing.
 
With a capacity of 300 megawatts, the biomass plant will be one of the largest in the world. It is expected to start operating in 2020 and will supply electricity to 600,000 homes.
 
Biomass is seen as a more stable source of renewable energy than solar and wind power. It is also expected to help the forestry industry by using woodchips obtained by thinning trees.
 
Biomass power generation is expected to increase in Japan as the Paris Agreement has taken effect to cut greenhouse gas emissions worldwide.
 
The sources say the Development Bank is hoping to apply the know-how from the British project to promote renewable energy in Japan.
 
The bank is also financing solar and offshore wind power generation projects.
...


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Bank of Cyprus to list on London Stock Exchange www.theguardian.com

Bank of Cyprus is to list on the London Stock Exchange and expand in the UK, in the latest sign of its path towards rehabilitation since savers were forced to take losses to pump billions of euros into its bailout three years ago.
 
Under John Hourican, a former senior executive at Royal Bank of Scotland who left during the Libor rigging crisis, Bank of Cyprus has undergone a radical restructuring and repaid all but €800m (£690m) of €11.4bn emergency liquidity assistance used to keep it afloat at the peak of the island’s economic meltdown.
 
The Mediterranean island was at the heart of the eurozone crisis in 2013 when a rescue deal for Bank of Cyprus – its biggest lender – was a key part of measures need to keep the country inside the single currency area. Laiki, or Cyprus Popular Bank, was closed and its smaller depositors placed in Bank of Cyprus, which in turn imposed losses on savers holding deposits more than €100,000, many of whom were said to be Russian.
 
It was first bank in the eurozone to take a slice of customers’ savings as part of the international €10bn bailout of the island to avoid recourse to taxpayers.
 
Hourican, who is Irish, tried to leave last year but was convinced to stay on by veteran banker Josef Ackermann, who became chairman of Bank of Cyprus in 2014 when it received a capital injection from a group international investors led by private equity billionaire Wilbur Ross. Ackermann is a former chief executive of Deutsche Bank, itself mired in financial difficulties.
 
An attempt at a London listing is a high-profile move for Hourican, who told parliamentarians after the RBS £290m Libor fine that he had told colleagues “they should not waste my death” and clean up the culture of the bank. He was described by Andrew Tyrie MP as a “human shield” for others at RBS.
 
Hourican has sold off Bank of Cyprus’s Russian arm and scaled back its other international operations but intends to expand in the UK, where there already four branches.
 
The aim is to target the professional buy-to-let market and small business customers, entrepreneurs and Cypriots living in the UK. The London-based arm is covered by the UK deposit scheme, the Financial Services Compensation Scheme, which covers the first £75,000 of savings.
 
To facilitate the listing in London – through which Bank of Cyprus does not intend to raise fresh funds – a holding company will be set up in Ireland so that it meets the standards to allow it to be included in the FTSE series of stock market indices. It will remain listed in Cyprus but delist from Athens.
 
At the time of the bank’s half-year results in August, Hourican described in a Bloomberg interview how the bank and the country had experienced a “significant cardiac arrest” when he took over.
 
As the bank reported €120m on pre-tax profits for the first nine months of 2016, Hourican said customer deposits had increased 10%. “We remain focused on operating as an accelerator for growth in the real Cypriot economy,” he said.
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Iron ore price plummets 9% www.mining.com

The import price of 62% Fe content ore at the port of Tianjin plummeted 8.7% to $72.80 per dry metric tonne on Tuesday after a frenzied month of trading saw the price reach a two-year high.
 
On the Dalian Commodities Exchange iron ore futures again reached the daily price change upper limit in the morning, only to turn around and close down the maximum 6% to trade at $87.90 a tonne.
 
Chinese authorities recently upped trading fees and margin requirements to cool down the credit-fuelled speculation in iron ore, met coal and rebar.
 
Analysts and mining companies have called the price of the steelmaking raw material down on ample supply from top producers Australia and Brazil (despite recent cuts and lowered output guidance) and worries about the strength of the recovery in top consumer China.
 
The Sydney Morning Herald quotes Daniel Morgan, commodities analyst at UBS as saying "the price at the moment is above a sustainable medium-term price":
 
"A lot of the marginal tonnes which have left this market, let's call it around 200 million tonnes of high-cost suppliers that have exited in the last two years, if this price was to be any way sustained I'm sure they'd re-enter the trade, but they haven't," says Mr Morgan.
World number two iron ore producer Rio Tinto surprised the market on Tuesday announcing the shutdown of one of its biggest mines in Australia's Pilbara region over the end-of-year holiday period.
 
Financial Times reports that in an email to 440 staff at the Hope Downs 4 mine Rio said the decision would “reduce operating costs and maximise cash to strengthen the business” in expectation of a tough year ahead.
 
Mining companies in Western Australia are also bracing for a resources tax that they say will add more than $1 billion to operating costs per year.
 
Year to date the price of the steelmaking raw material is up 70% following near-decade lows in December last year.
 
 
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Snapchat files for one of the biggest tech IPOs in years: sources www.reuters.com

Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest U.S. stock market debut since 2014.
 
The Venice, California-based company could go public as soon as March and be valued at $20 billion to $25 billion, making it the largest IPO since Chinese e-commerce giant Alibaba Group Holding Ltd's (BABA.N) went public two years ago valued at $170.9 billion. It would be the largest U.S. technology IPO since Facebook Inc's (FB.O) debut in 2012 with a value of $81.2 billion.
 
Snapchat filed with the Securities and Exchange Commission under the U.S. Jumpstart Our Business Startups Act. Companies with less than $1 billion in revenue can secretly file for an IPO, allowing them to quietly test investor appetite while keeping financials confidential.
 
The filing was made before Republican Donald Trump's unexpected victory in the U.S. presidential election on Nov. 8 which has increased uncertainty in global markets, but the Dow Jones Industrial Average .DJI has hit record highs for four straight sessions.
 
The sources asked not to be named because the information is private. A spokesman for Snap Inc, Snapchat's parent company, declined to comment.
 
Reuters was first to report news of the confidential filing.
 
BELLWETHER FOR 'DECACORNS'
 
A Snapchat IPO is seen by many investors as a bellwether for many of the largest so-called "unicorns," private, venture-backed companies that are valued at more than $1 billion. Nicknamed "decacorns," these companies are valued in the tens of billions of dollars and include Snapchat, car-sharing company Uber Technologies Inc [UBER.UL] and home-sharing company Airbnb. No decacorn has yet tested the public market, and it is unproven whether they can beat or even replicate such astronomic valuations with more scrutinizing public investors.
 
The market for technology IPOs for this year has been rocky, with investors left skittish due to volatile technology stock performance and uneven returns from recent IPOs. Year to date, 123 U.S. technology companies have gone public, raising $7.1 billion, a 58 percent decline in proceeds and 20 percent drop in the number of offerings from this time last year.
 
Snapchat started in 2012 as a free mobile app that allows users to send photos that vanish within seconds. It has more than 100 million active users, about 60 percent of whom are aged 13 to 24, making it an attractive way for advertisers to reach millennials.
 
Awash in venture funding, the company raised $1.81 billion in May, which valued it at about $20 billion, media reports said at the time.
 
But investors worry that Snapchat's advertising sales, which began last October, is the company's only significant revenue source.
 
Snap in September starting describing itself as a camera company and earlier this month it debuted its $130 video-camera sunglasses. The glasses are equipped with a camera that connects wirelessly to a smartphone to take and send "snaps" - the company's terms for video and photo messages sent on its app.
 
According to postings on Twitter, a line of more than 100 people quickly formed in front of a vending machine on a Venice, California, boardwalk where the glasses were being sold.
 
The company's investors include General Atlantic, Sequoia Capital, T. Rowe Price and Lone Pine. Previous rounds included Fidelity Investment, Kleiner Perkins Caufield & Byers and Yahoo Inc (YHOO.O).
 
Earlier this month, Alphabet Inc's (GOOGL.O) venture capital arm CapitalG, earlier known as Google Capital, disclosed an investment in Snapchat by adding the social networking firm's logo to a page on its investment portfolio website.
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